SLT partners with major ICT suppliers to enhance customer experience

Sri Lanka Telecom (SLT) recently signed agreements with six major ICT equipment suppliers to enhance the experience of its valued customers. 

Esoft Metro Campus offers scholarships to GCE A/L top scorers

In a magnanimous gesture, Esoft Metro Campus has made arrangements to offer six-month, short-term, full scholarships in 

China cracks down on illegal GM crops ahead of Syngenta deal

REUTERS: Chinese officials have issued warnings to seed dealers and farmers not to use unapproved genetically modified seeds in the country’s main crop belt, shortly after Greenpeace said it had found widespread GM contamination in corn.

CIMA launches 10th Corporate Partner programme

CIMA, the Chartered Institute of Management Accountants launched its 10th Corporate Partner Programme under the theme

Britain’s top restaurants ditch a la carte menus

AFP - In the name of reducing waste and freeing up chefs’ creativity, top British restaurants are doing away with long menus to give diners 

Singer Sri Lanka ventures into Executive Education with Singer Business School

Singer (Sri Lanka) PLC, one of the nation’s largest and most successful diversified companies recently forayed into the education sector,

Sri Lankan shares steady in dull trade

REUTERS: Sri Lankan shares ended steady yesterday in thin trading volume as investors awaited cues on the macro economy amid a rise in interest rates and as global economic concerns dented sentiment.

Large cruise liner to call at Hambantota port

Sri Lanka Ports Authority (SLPA) said that Hambantota Port is to  receive the biggest cruise ship, ‘MS Rotterdam’ tomorrow.  

JLanka partners workshop on photovoltaics

Setting a precedent in the field of photovoltaic technology, the faculty of science in the University of Kelaniya successfully conducted the third installment of its workshop series  on photovoltaics. 

US proposes to curb illegal fishing by tracing imports

AFP - Shrimp, swordfish, cod and crab are among more than a dozen types of seafood that would be subject to increasing scrutiny under a US plan to curb illegal imports, US officials said this week. The proposal announced by the National

ABC Trade and Investments relocates A’pura showroom

The relocated Anuradhapura showroom of ABC Trade and Investments (Pvt.) Limited was ceremonially opened at No: 561/59, First Lane, 

Cinnamon’s city hotels hold Health Walk

In line with the Government’s National Sports and Physical Health Promotion Week initiative, Cinnamon’s city hotels – Cinnamon Grand, Cinnamon Lakeside and Cinnamon Red – organised a ‘Health Walk’ for their associates recently.

Unilever’s Knorr to hold ‘Gastronomic Symphony’

To add another dimension to its culinary expertise, Knorr - Unilever’s culinary brand - schedules to hold ‘Gastronomic Symphony’ orchestrated by Jehan Aloysius on February 26 and 27 collaborating with Cinnamon Grand.

Willpower Group introduces toilet seat sanitizer spray

Willpower Group (Pvt.) Ltd, Sri Lanka’s leading and reliable supplier of sophisticated and high-quality industrial water treatment chemicals, preventive maintenance chemicals,

EESoc holds panel discussion on power quality and reliability

Power Quality and Reliability was the topic for the annual panel discussion organised by Electrical Engineering Society (EESoc) of the University of Moratuwa. This was held recently at Water’s Edge, Colombo with the participation of a panel of professional expertise

Textured Jersey 3Q net up 79% over operating efficiencies & subsidiary performance

Textured Jersey Lanka PLC (TJL), a unit of leading apparel exporter Brandix Lanka Limited, increased its net profit by as much as 79 percent year-on-year (yoy) to Rs. 672.1 million for the quarter ended December 31, 2015 (3Q15), the interim results showed. 

Sri Lanka-Thailand Business Council delegation visits Thailand

An 18-member delegation from Sri Lanka visited Thailand from February 1 to 3, 2016 for business matching and business-to-business (B2B) meetings. 

Dinesh presents ‘November Revolution’ to Chandrika

Dinesh Weerakkody presenting a copy of his book ‘The November Revolution’ to former President Chandrika Bandaranaike Kumaratunga, a key architect of The November Revolution

Omani Chamber delegation visits National Chamber

A delegation from the Omani Chamber of  Commerce and Industry headed by Chairman Said Saleh Said Al Kiyumi met National Chamber President Thilak Godamanna and the officials of the chamber recently and had  cordial discussions on establishing trade links with Oman. 

New CA Sri Lanka President unveils four-point plan to retain accounting profession at helm

New Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) President Lasantha Wickremasinghe recently unveiled a four-point plan for the next two years, which, according to him, will help the institute and the accounting profession remain at the helm. 

Eighth int’l Footwear & Leather show opens today

Footwear and Leather Fair 2016, the eighth in its successful series, opens today at BMICH. The Footwear and Leather Fair series is a joint effort of the Development Strategies and International Trade Ministry

CB says LTV cap on vehicle loans has served its purpose

The loan-to-value (LTV) cap set on vehicle imports may be removed soon as its intended aim has been fulfilled, Central Bank Governor Arjuna Mahendran said.

Dipped Products Dec. quarter in red as margins compress

Hayleys group rubber glove manufacturing unit, Dipped Products PLC (DIPD) reported a net loss of Rs.78.9 million for the quarter ended December 31, 2015 from a net profit of Rs.326.2 million due to contraction in top line, the interim results showed.  

ECCSL maritime forum to be held this month

The European Chamber of Commerce of Sri Lanka has decided to host the “ECCSL Maritime Forum 2016” in collaboration with the Shipper’s Academy Colombo, to provide In-depth insights into new IMO container weight verification regulations.

Fate of US $ 150mn wind and solar power plant in Jaffna hangs in balance

The Ceylon Electricity Board (CEB) appears to be dragging its feet to delay or discontinue the progress of a 35-megawatt (MW) US$ 150 million wind and solar hybrid power plant in Jaffna by a Malaysian investor.  

Patent case jury orders Apple to pay more than $625 mn

AFP - A Texas jury on Wednesday said that Apple should pay $625.6 million for violating patents held by a US company devoted to patent litigation.

Expert optimistic about maritime sector recovery

The Sri Lankan maritime sector, which is currently depressed due to the global economic downturn, is likely to head towards recovery by end-2016, an expert said.

Korea studying to set up tunnel in Kandy to ease traffic

The Export-Import Bank of Korea (Korea Eximbank) and Sri Lanka’s Road Development Authority (RDA) are to collaborate to construct a tunnel to ease the traffic congestion in Kandy. 

Japan’s SG Holdings ups stake in Expolanka in Rs.2.6 bn deal

The controlling shareholder of Expolanka Holdings PLC, SG Holdings Global Pte Ltd, yesterday upped its holding in the company with the purchase of a 16 percent stake for Rs.2.6 billion. 

Odel December net driven by higher consumer spending

Leading life-style retailer Odel PLC posted a net profit of Rs.153.06 million for the quarter ended December 31, 2015, up from Rs.106.21 million net profit reported for the same period of the previous year.